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Valore e costo reale di produzione. Un riesame del problema, dopo la "New Value Controversy"

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  • Duccio Cavalieri

Abstract

Has the Marxian concept of economic value an objective foundation? In the light of the "New Value Controversy" which opposed neo-Marxist and Sraffian theorists, the author of this essay, a critical Marxist, reconsiders Marx?s labour theory of value. Attention is paid to the Marxian analysis of capital, value and surplus value. The truthfulness of the crucial but unproven Marxian assumption of equality of new value and living labour is questioned. A matrix model describing the productive structure of a capitalist system is used for this purpose. Marx?s labour theory of value is then examined in relation to the theories of capital and investment, which deal with value in process. Some recent suggestions to improve the reckoning of real costs of production are analysed. A draft of a labour-and-capital theory of value is outlined. And as a measure of value a "monetary expression of value" (MEV) is proposed, instead of the "monetary expression of labour time" (MELT).

Suggested Citation

  • Duccio Cavalieri, 2010. "Valore e costo reale di produzione. Un riesame del problema, dopo la "New Value Controversy"," STUDI ECONOMICI, FrancoAngeli Editore, vol. 2010(102), pages 5-47.
    • Handle: RePEc:fan:steste:v:html10.3280/ste2010-102001
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    Cited by:

    1. Bulat Mukhamediyev, 2007. "Monetary policy rules of the National Bank of Kazakhstan (in Russian)," Quantile, Quantile, issue 3, pages 91-106, September.

    More about this item

    JEL classification:

    • B14 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Socialist; Marxist
    • B24 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Socialist; Marxist; Scraffian
    • E11 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Marxian; Sraffian; Kaleckian

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